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Supporting Documentation · Dec 9, 2025

West Orange Debt and Finance Presentation 12-9-25 (revised).pdf

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Historical Municipal Bond Rates Percentage of Time "AAA" Municipal Rates Have Been Lower than Current Levels (Since 1985) 48% 45% Municipal Rates ° 42% a % Ht 33%33%33%33% | Maturity (Year) | (Year) mma % of Time Rates Have Been Lower Than Current Levels (Since1985) ====Current Municipal Rate Curve ====Average Municipal Rate Curve (Since 1985) 8% 37% 36% 36%37%37%38%38% 38% 38%38% 38%38% 38% 38% 38% 35%, 138% £33,33% 94 % of Time Municipal Rates Have Been Lower Than Current Levels

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